Quantum Computing (QUBT) Stock

'Mad Money' host Jim Cramer looks at stocks that had big November run ups and what was behind the moves.

Quantum Computing Inc. (QUBT) stock price went parabolic on Wednesday as it formed a God candle and rose by over 92%. It soared to a high of $3.42, which was its highest level since February 2023.

While a few quantum computing stocks show potential for growth, investors should exercise caution with certain stocks that may not be able to fully leverage the technology's capabilities.

Much like artificial intelligence (AI) stocks, a quantum computing stock could be explosive. In fact, as just noted by Forbes' contributor Jim McGregor, “In just five years, quantum computing could take computing and humanity to a new level of knowledge and understanding.

Proposed by Feynman in the 1980s, quantum computing has rapidly evolved, offering unique capabilities beyond classical computers. Shor's Algorithm, for example, could break modern encryption, while other advancements offer unparalleled benefits.

IonQ Inc (NYSE:IONQ) is on the rise premarket, up 6.6% at $15.12 at last glance.

Quantum computers were first proposed in the 1980s by Richard Feynman, and the field has rapidly grown since then. Quantum computers can be programmed to achieve applications that modern computers cannot conceivably do.

Quantum computing stocks are becoming the next big thing for forward-thinking investors, pushing the boundaries and reshaping them with the enigmatic power of quantum mechanics. Unlike traditional computers that use bits, quantum computers use qubits that can solve complex problems faster and more efficiently.